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the strangth and weaknesses ofsocial cost benefit analysis

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Q: The strength and weakness of social cost benefit analysis technique?
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Why don't political scientists use cost-benefit analysis?

Political science often deals with non-quantifiable factors like social values, historical context, and institutional dynamics that make it challenging to apply cost-benefit analysis directly. The nature of political decisions also involves multiple stakeholders with diverse interests, making it difficult to assign values uniformly. Additionally, political choices may prioritize ethical considerations and long-term implications over immediate economic gains.


Why are weaknesses strengths and strengths weaknesses?

What constitutes a strength or a weakness is subject to criteria (i.e.) you have to hold some standard to determine it). Nothing is purely free, so every action has some sort of cost, or consequence. When people assess a 'strength', there is inevitably some cost to it (so, subject to the criteria, the benefit is the 'strength' and the cost is the 'weakness'). Since people primarily do actions to benefit themselves, everything has a strength and a weakness. By depending on a certain strength, you are exposed to the cost and risk of using it. By being weak, you are not dependent on the source of strength and thus its costs.


What characterizes cost-benefit analysis?

Cost-benefit analysis is rational.


When will a cost benefit analysis be done?

when will a cost benefit analysis be done


Why is the industrial separating technique used?

Industrial decisions are made based on cost / benefit analysis. Maximum profit for making a certain amount of the substance.


What is benefit analysis?

Risk-benefit analysis is the comparison of the risk of a situation to its related benefits


What is risk-benefit analysis?

Risk-benefit analysis is the comparison of the risk of a situation to its related benefits


When will a cost analysis be done?

when will a cost benefit analysis be done


What does exercise do for the human skeleton?

Done with proper exercise technique, weight-bearing exercise strengthens the skeleton. So bones benefit from strength training as well as from walking, jogging, and running. .


Consumers used cost- benefit analysis in order to maximize what?

Consumers use cost-benefit analysis in order to maximize utility.


What consumers use cost-benefit analysis in order to maximize?

Consumers use cost-benefit analysis in order to maximize utility.


Consumers use cost-benefit analysis in order to maximize what?

Consumers use cost-benefit analysis in order to maximize utility.